News

Over a third of employers said that they were unclear about their staging date for auto-enrolment, according to HR consultants Aon Hewitt.

The Equitable Life payment scheme has made payments to 288,823 policyholders, totalling at more than £277m, since its launch in June 2011.

Advisers have spoken of their frustration at the handling of the administration of Honister Capital.

The Financial Services Authority (FSA) has said that advisers with Honister Group, which today entered administration, may have to wait a "number of months" before they can be re-authorised.

Law firm Regulatory Legal is preparing to represent some of the 900 advisers affected by the administration of Honister Capital.

The imminent division of the Financial Services Authority (FSA) into two regulatory bodies presents an opportunity to leave the FSA's "damaged reputation" in the past, its chairman, Adair Turner, said today.

Financial advisory group Honister Capital has entered administration after failing to secure professional indemnity insurance (PII) for its member firms.

The FTSE 100 has risen in early trading as investors build on recent gains, but Barclays' share price remains volatile as investors react to CEO Bob Diamond's resignation.

The resignation of Barclays CEO Bob Diamond does not lessen the possibility of criminal proceedings against those involved, Chancellor George Osborne has warned.

Barclays boss Bob Diamond has resigned from the bank with immediate effect, just one day ahead of a parliamentary hearing into his conduct following the LIBOR scandal.